Aerospace Ch Uav Co.Ltd(002389) : Announcement on the progress of the construction project of the reflective film production line with an annual output of 50 million square meters invested by the holding subsidiary

Securities code: Aerospace Ch Uav Co.Ltd(002389) securities abbreviation: Aerospace Ch Uav Co.Ltd(002389) Announcement No.: 2022016 Aerospace Ch Uav Co.Ltd(002389)

About the investment of the holding subsidiary in the reflective film production line with an annual output of 50 million square meters

Progress announcement of engineering construction project

The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.

Aerospace Ch Uav Co.Ltd(002389) (hereinafter referred to as “the company”) disclosed the announcement on the holding subsidiary’s investment in the construction project of reflective film production line with an annual output of 50 million square meters (Announcement No. 2019035) on August 26, 2019, Relying on the technology accumulation and product advantages of the holding subsidiary Ningbo dongxucheng New Material Technology Co., Ltd. (hereinafter referred to as “Ningbo dongxucheng”) in the field of optical film, it is planned to requisition 50 mu of land in Cixi high tech Industrial Development Zone, Ningbo, Zhejiang Province, with a total investment of 195.5 million yuan to build a reflective film production line with an annual output of 50 million square meters.

At present, Ningbo dongxucheng has completed the construction and approval of the above projects according to the plan. The installation and commissioning of main production line equipment have been started, and some equipment have been successfully trial produced. It is expected that all production lines can be successfully put into operation in May this year.

The smooth implementation of the above projects will improve the overall production capacity of the company’s reflective film products. Combined with the current raw material market and the needs of downstream users, the company plans and formulates product marketing plans in advance, optimizes the product structure of old and new production lines, actively cultivates downstream potential markets and customers, and further expands the scale and market share of optical film business.

In view of the fact that the time for the successful operation is estimated according to the progress of the current commissioning, there will be uncertainty in the exact time. The company will disclose the latest progress in a timely manner, and invite the majority of investors to pay attention to the announcement of the company, invest rationally and pay attention to investment risks.

It is hereby announced.

Aerospace Ch Uav Co.Ltd(002389) board of directors March 14, 2002

- Advertisment -